Budget and Tax Relief


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As American families face financial challenges and struggle to balance their checkbooks, the federal government should be doing the same.  Unfortunately, in recent years, federal spending has continued to grow at an unsustainable rate.  Now, instead of reigning in unnecessary and wasteful spending, Congress is looking to increase taxes to force taxpayers to finance reckless federal fiscal policies.  Much of the economic turmoil gripping our nation today has resulted from people and governments spending beyond their means.  The trend in Washington is now to bailout those who acted irresponsibly by stripping the earnings and depleting the savings of those who showed restraint and prudence in managing their finances.  Now is the time to stop this trend.  America needs leaders who abide by principles of sound fiscal management, not those who rush legislation that excuses waste and exposes taxpayers to fraud and abuse.  As a strong fiscal conservative, I will continue to oppose unnecessary federal spending and higher taxes.

On January 1, 2011, Democrats will drop a $3.8 trillion tax increase on American taxpayers and small businesses.

Budget and Tax Relief Related Links:

Department of the Treasury The Department of the Treasury is the primary federal agency responsible for the economic and financial prosperity and security of the United States
Federal Office of Management and Budget
Internal Revenue Service (IRS)
President’s Budget FY2010 Proposal
North Carolina Department of Revenue
North Carolina Office of State Budget and Management
Tax Relief Kits: by the U.S. Department of Treasury, Office of Tax Policy

Budget and Tax Relief Related Legislation:

H.R. 205: Death Tax Repeal Act (cosponsor)
H.R. 301: Economic Growth Through Tax Stimulus Act (cosponsor)
H.R. 381: To make 5 percent across-the-board rescissions in non-defense, non-homeland-security discretionary spending for fiscal year 2009 (original cosponsor)
H.R. 470: Economic Recovery and Middle-Class Tax Relief Act (cosponsor)
H.R. 782: Taxpayer Choice Act (original cosponsor)
H.R. 793: Child Tax Credit Preservation Act (original cosponsor)
H.R. 943: Truth in Accounting Act (original cosponsor)
H.R. 982: Tax Code Termination Act (original cosponsor)
H.R. 1919: Federal Withholding Tax Repeal Act (introduced 4/2/2009)
H.Res.959: Amending the Rules of the House of Representatives to prohibit the consideration of a regulation of individual activity disguised as a tax (cosponsor)
H.J.Res.1: Proposing a balanced budget amendment to the Constitution of the United States (original cosponsor)
H.J.Res. 3: Relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008 (introduced 1/6/2009) 


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Press Releases

Filtered by Taxes, Budget

  • Budget Advice from the Feds?

    12/06/12

    Federal government advises citizens to avoid debt with "holiday budgeting." If only Washington practiced what it preached.

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  • ICYMI: Foxx Honored as "Guardian of Small Business"

    09/27/12

    "Our government needs to be working to make it easier for small businesses to grow and create jobs if we are going to experience a real and robust economic recovery," Congresswoman Foxx stated. "My husband and I started our own North Carolina small busine

    Read more

  • NO MORE SOLYNDRAS

    09/14/12

    "The Obama Administration's energy policies have failed the American people," Congresswoman Foxx stated. "Keystone was squashed, but a half billion taxpayer dollars were approved to be wasted in support of now-bankrupt Solyndra." "The inept largess

    Read more

  • NO MORE SOLYNDRAS

    09/14/12

    "The Obama Administration's energy policies have failed the American people," Congresswoman Foxx stated. "Keystone was squashed, but a half billion taxpayer dollars were approved to be wasted in support of now-bankrupt Solyndra." "The inept largess

    Read more

  • Foxx Statement on Foreign Aid Funding in House Continuing Resolution

    09/13/12

    "Under the current circumstances and without the proper safeguards, it is absurd to commit American taxpayers to support foreign countries and entities that fail to secure our diplomats or are unapologetically hostile to our liberties or our allies abroad

    Read more
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